The Curtin Team’s CEO, Tom Curtin and Director of Sales, Christy Smith explain the benefits for first time home buyers in today’s market. One of the biggest advantages of buying a home today is the stability and equity you get. Waiting a year or two can cost you tens of thousands of dollars in equity loss. And as rental rates continue to rise, a fixed rate mortgage payment stays the same. Also, many sellers and lenders are now offering to pay closing costs and buy downs on rates. Large down payments often scare off first time homebuyers, but some loans require as little as 3.5% down. As an example, the down payment on a $400,000 house can be as low as $14,000. And there are many ways to get that down payment including finding places in your budget to cut back and save, loans from family, or loans against a 401K to cover some or all it. The news of interest rate hikes shouldn’t scare off potential home buyers either. If rates go down, refinancing is available and if rates go up, you’ll be glad you locked in a lower rate.
The Curtin Team’s CEO, Tom Curtin and Director of Sales, Christy Smith explain the benefits of mortgage rate buy downs for buyers and sellers. Like many practices in the world of Real Estate, mortgage hacks depend on Buyer/Seller goals, timelines, and preferences. Buy-downs are unique, though, because they offer direct benefits to both Buyers and Sellers in the short term and long term. They allow houses to be sold more efficiently, less stress with high monthly payments for Buyers, and less interest payment over time. If you are in the market to either buy or sell a home, don’t forget that there are ways for you to save money during the process.
Raise your hand if you know what a 1031 Exchange is.
If you’re a real estate investor, we’re betting YOU’RE raising your hands. Both of them.
We always say that there’s no greater investment than real estate. That’s true whether you’re buying a home in which you can live or whether you’re buying homes to hold as actual investments, not unlike buying stocks or bonds.
Investors—just like The Curtin Team—know that homes are great sources of equity, not to mention boons for their tax returns, paths to greater cash flow, better diversification of their portfolios, and great ways to counter the effects of inflation.
Real estate is a GREAT investment.
But what happens when it’s time to sell an investment property?
That’s a tricky question and if you don’t have a REALTOR who’s well-versed in how to handle these transactions, you could be left holding the bag (which could be woefully free of money).
When you have a REALTOR who understands real estate investment, however, and the intricacies of a 1031 exchange, you’ll be sitting pretty when all is said and done.
With a 1031 exchange, an investor can sell a property, reinvest the proceeds, and defer ALL capital gains taxes. That’s right, ALL. To give an example, if you sold a property and had $200,000 in capital gains, you’d be subject to taxes of around $70,000, meaning you’d only have about $130,000 left to invest in a new property. After making a down payment and assuming an LTV (loan-to-value) ratio of 75%, that means you’d be able to buy a new property worth about $520,000.
But with a 1031 exchange, you’d be able to use the entire $200,000. If you had the same down payment and LTV as we cited in the previous example, you could buy a property worth about $800,000.
If you think the 1031 exchange sounds like a great idea, you’re right.
But it’s crucial—CRUCIAL—that your REALTOR understands the rules and regulations related to these exchanges. If they don’t, you could find yourself in financial hot water, and nobody wants that. There are dates and deadlines to which investors must adhere, or they’re forced to pay penalties.
The Curtin Team is well-versed in 1031 exchanges and understands their ins and outs; we know that when your investments are on the line, there’s no room for error, no time for dilly-dally. We make sure that your investments—your hard-earned money—are protected.
If you’re interested in investing in real estate and have questions, or if you’re thinking of selling an investment property, talk to us. We’re experienced with investors and will make sure your dollars are working as hard as they can for you, and that they’re kept safe.
On a successful real estate team, everyone has a specialized role that aligns with their skills. Agents are talented at contract negotiations and pricing. Administrative teams are talented at paperwork, details, and organization. Marketing specialists are talented at getting houses as much organic exposure as possible. Essentially, every team member provides value to the business by serving clients and always looking to help their teammates when possible. Over the years, many of the Curtin Team’s clients have expressed that they enjoy having a contact available to answer their questions, which is exactly what our team is available to do. Unlike solo agents who might be constantly busy and out in the field showing homes, our staff is in the office and able to help our clients with anything they need throughout the buying or selling process.
Working with a team means you get combined experience, which leads to smoother deals and less headaches. As a team, we invest in the best systems, tools, technology, knowledge, and talent available. We feel the scope of today’s real estate transaction goes beyond one person and that an agent acting on their own can’t possibly provide the level of service needed to get the job done well. This is why clients prefer team interactions, and previously solo agents are so glad they’ve found the right group once they’ve made the switch. An individual real estate agent won’t have the time, cumulative knowledge, or assets required to invest in the best tools and execute the marketing strategies required to give homes maximum exposure and quick selling times, but well-established groups can provide all of these and more.
As an agent working on a team, there’s greater fulfillment developing your inherent skills and being able to trust teammates to work behind the scenes for your clients. Many studies have linked employee happiness with customer satisfaction. A company’s ability to deliver a greater customer experience relies on hardworking team members who always look out for each other. When an agent works on a team, they enjoy a more balanced life. The work is divided and the responsibilities are shared. They can lean into their team for help when things don’t go their way, and they have a support system that brings the peace of mind that is so difficult to find when working alone. And most especially, their clients are happier. The stability, camaraderie, and effectiveness of real estate teams like the Curtin Team make everyone’s lives easier – both our clients and our agents included.
The real estate market is constantly shifting. Do you know how to position yourself for success as a buyer or a seller? Our team of real estate experts will be available to answer your questions on August 10 at 10am (Eastern Time). Dial into our Zoom call and join us for an informative Q and A.
After registering, you will receive a confirmation email containing information about joining the meeting.
You’ve signed the listing agreement and now you’re getting ready to have your home photographed. As a Curtin Team client, you have the benefit of our Home Stylists who provide exceptional home staging services. But there is plenty that you can do to prepare your home before it hits the market.
We all know that staged homes sell for more money. But very few of us have the time or energy to clean and declutter every square inch of our homes. So, let’s focus on the rooms that will make the most impact and get those potential buyers excited to make a great offer on your home. Take a tour of your home as if you were a potential buyer. What stands out to you? It will probably get their attention as well.
Front Porches – staging means cleaning, decluttering, and depersonalizing. Does your front porch feel inviting? Does the front door need to be repaired or repainted? If you have enough room for a seating area, make sure it is clean with fresh cushions and some potted plants. Buyers will feel welcome before they even enter the home.
Living rooms – or whatever is the very first room you see when you walk in the front door. Get the carpets cleaned, dust and declutter shelves and tables, and paint it a neutral color, if necessary. Also, be sure to clean the windows (or have them professionally cleaned).
Kitchens – the number 1 staging rule is to clear those countertops! Time spent cleaning and organizing the kitchen will definitely pay off. Updates to lighting and paint color are worth it too. Something as simple as fresh hand towels can brighten up the space.
Bedrooms – specifically the owner’s bedroom. Minimizing the amount of furniture can help buyers imagine their own items in the space.
The best staging tip we’ve found is to clean, clean, clean. If you do nothing else, that will make your home feel fresh and welcoming.
Curtin Team partners with TBK Wellness Spa for a Mother’s Day Giveaway. TBK Wellness Spa is located at 408 Atlanta Street Suite 170 Roswell, GA 30075. Unlike national chains, TBK caters to the unique needs of each client. They take the utmost care to go above and beyond. Their philosophy is “our job is to take care of you, so that you can take care of others”.
In that spirit, Curtin Team is hosting a Giveaway for Mother’s Day, since mothers are the best care givers we know. Entry for the giveaway is simple – a like and tag on Instagram or Facebook.
Highlighting local businesses, like TBK Wellness Spa, is a priority for the Curtin Team. Curtin Team members don’t just work in the Roswell area, but live here too.
Kanani Briggs, Realtor, and Cheri Bartlett, Space Strategist, discuss the ways you can start organizing your home in preparation of a Spring sale. Cheri offers tips on tackling difficult areas to organize as well as the services she offers homeowners to help them move items out of their homes.
For more information, contact Kanani Briggs at firstname.lastname@example.org or 678-287-4848.
Successful home sellers know that the key to a quicker, less stressful sale begins with an appropriate listing price. Before boxes are packed or walls are painted, understanding your home’s market value should be your number one priority. General Market Analysis Summary also known as a CMA (Comparative Market Analysis) is the first step to estimate the value of a home sale relative to comparable properties in your area.
Factors that influence a CMA include:
– Square footage
– The number of bedrooms and baths
– The age of the home
– Construction and style
– Neighborhood and schools
However, not all CMA’s are the same. There is no standard process for creating CMA’s. Each agent has their own tools and methodology. The CMA you receive from the Curtin Team is different than CMA’s developed by other agents because we use a variety of tools such as the MLS (Multiple Listing Service), tax records, and an understanding of off-market sales. This deep knowledge of the local market makes our CMA’s invaluable to sellers looking to price their homes appropriately for the market.
A CMA from the Curtin Team helps match buyers and sellers with the best options in their price range and desired location and allows sellers’ homes to spend the shortest possible time on the market. Our List to Sale price ratio (seller’s asking price to the actual sale price) is above industry averages because of the way we strategically analyze this data to accurately price your home.
Happy New Year from the Curtin Team!
It’s not business as usual, but it’s still a great time to BUY. Whether you are considering down sizing, right sizing or buying for the first time, Melinda Nawn, Curtin Team Buyer Agent, will show you the path to WINNING in 2022 real estate market. She will separate fears from facts, explain the realities of the current market, various financing options and the next steps to take to be in your new home.
The workshop will be hosted at 1255 Canton Street, Ste. A, Roswell, GA 30075 on Tuesday, January 26th from noon to 1pm. Light refreshments will be served. If you are unable to attend in person, a Zoom link is available.